At this point, even if they were working on one, this news will probably make them just cancel it and use remaining funds for ME:A or other Bioware projects. I guess the Gears of War, God of War, and Uncharted fans are looking their their developers got in on the remaster early and officially announced them before Microsoft dropped this news. Now it looks like playing the ME Trilogy through Xbox One would have to suffice.
But I really wanted a remaster cause at least we get updated textures and 60fps, which is not really what the Xbox One backwards compatibility does.
Again, another fail by Bioware/EA and easy money being thrown away. Looks like there will be NO new ME content released this year, no ME4 and no ME Remaster. Looks like I should just put Mass Effect on a mental shelf and forget about it for a long....long time and just switch my anticipation over to Fallout 4 since that is coming in months and not years like the eventual Spring 2017 release for ME:A.